Petrol, diesel price cut to marginally hurt marketing earnings of OMCs; JM Financial maintains ‘Sell’ on IOC, BPCL
Fuel price cuts are likely to impact the gross marketing margins (GMM) of OMCs, which analysts see GMM declining to ₹2.2 per liter on diesel and ₹3.5 per liter on petrol, resulting in blended auto-fuel GMM of ₹2.6 per liter.
DNA News Desk
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Fuel price cuts are likely to impact the gross marketing margins (GMM) of OMCs, which analysts see GMM declining to ₹2.2 per liter on diesel and ₹3.5 per liter on petrol, resulting in blended auto-fuel GMM of ₹2.6 per liter.
